Ford Motor Company (NYSE:F) had its price target increased by Jefferies Group LLC from $12.00 to $13.00 in a report issued on Monday. The firm presently has a “hold” rating on the auto manufacturer’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 5.95% from the stock’s current price. Jefferies Group also issued estimates for Ford Motor’s FY2018 earnings at $1.71 EPS and FY2019 earnings at $1.77 EPS.
Several other research analysts have also issued reports on F. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Vetr lowered Ford Motor from a “buy” rating to a “hold” rating and set a $12.34 price target on the stock. in a report on Wednesday, September 27th. Nomura reiterated a “neutral” rating and issued a $11.60 price target (down previously from $14.00) on shares of Ford Motor in a report on Friday, August 4th. Finally, Instinet lowered Ford Motor from a “buy” rating to a “neutral” rating and cut their price target for the stock from $14.80 to $11.60 in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Ford Motor has an average rating of “Hold” and a consensus target price of $12.63.
Ford Motor (F) opened at 12.27 on Monday. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.27. The company has a market cap of $48.73 billion, a PE ratio of 12.92 and a beta of 1.12. The stock’s 50 day moving average price is $12.03 and its 200 day moving average price is $11.37.
Ford Motor (NYSE:F) last released its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The business had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter last year, the firm posted $0.26 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts anticipate that Ford Motor will post $1.80 EPS for the current year.
In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the sale, the insider now directly owns 76,358 shares of the company’s stock, valued at $878,117. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. The disclosure for this sale can be found here. Insiders have sold 217,700 shares of company stock worth $2,486,044 over the last quarter. 1.08% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in F. Hancock Holding Co. increased its position in Ford Motor by 194.6% in the first quarter. Hancock Holding Co. now owns 258,988 shares of the auto manufacturer’s stock worth $3,015,000 after buying an additional 171,069 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Ford Motor by 10.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,568,972 shares of the auto manufacturer’s stock worth $18,263,000 after buying an additional 153,865 shares during the last quarter. United Bank Inc. increased its position in Ford Motor by 9.2% in the first quarter. United Bank Inc. now owns 356,874 shares of the auto manufacturer’s stock worth $4,154,000 after buying an additional 30,117 shares during the last quarter. Northstar Wealth Partners LLC purchased a new stake in Ford Motor in the first quarter worth $180,000. Finally, Mason Street Advisors LLC increased its position in Ford Motor by 1.0% in the first quarter. Mason Street Advisors LLC now owns 539,426 shares of the auto manufacturer’s stock worth $6,279,000 after buying an additional 5,532 shares during the last quarter. 54.22% of the stock is owned by institutional investors and hedge funds.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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